Agriculture Agribusiness

In a ruling of the Supreme Court (SC) en banc written by Associate Justice Presbitero J. Velasco Jr. dated Nov. 27, 2012 and with a vote of eight justices and six inhibitions, the SC denied the petition of Cojuangco questioning the ruling of the Sandiganbayan in July 2003 which declared that the subject shares as part of assets were illegally acquired from coconut levy funds.

The global demand for natural rubber and the increasing market price which has reached to ₱100 (US$ 2.50) per kilogram for the last two years have motivated local natural rubber farmers to expand their agribusiness investments by targeting 200,000 hectares planted with rubber by 2016.

Growing awareness and concern over the protection and care of the environment is now becoming more intense worldwide that ‘going natural, going green’ is deeply encouraged by environment advocates in the Philippines.

The recent National Bamboo Congress held last October at the World Trade Center in Pasay City, has highlighted the importance of bamboo industry in the country’s socioeconomic and environmental development.